Tuesday, January 23, 2018 | ePaper

Brexit could cost nearly 500,000 UK jobs: Study

  • Print
AFP, London :
Brexit could cost the UK nearly 500,000 jobs in a worst-case scenario, according to a study published Thursday which was commissioned by the mayor of London.
Britain could lose 482,000 jobs by 2030 if the country crashes out of the European Union, according to research by Cambridge Econometrics.
A scenario in which the UK fails to agree a transition deal and future trading relationship with the bloc would also cost Britain Å“46.7 billion ($62.9 billion, 52.7 billion euros) in investment over the same period.
The report compares four possible post-Brexit scenarios to the option of maintaining the status quo-already ruled out by the British government- of staying in the European single market and customs union.
The most optimistic Brexit scenario outlined, of a two-year transition period leading to single market membership without the customs union would still lead to a loss of 176,000 jobs and Å“20.2 billion in investment.
London Mayor Sadiq Khan, who campaigned against Brexit, commissioned the study and said the findings show "the potential economic risks-and human costs-at stake in the negotiations" in Brussels.

More News For this Category

Managing Director of Social Islami Bank Limited, Quazi Osman Ali, inaugurating it's an Electricity Bill Collection Booth at Shaymoli Circle Bhaban in the city on Monday. Engr. Bikash Dewan, Managing Director and Engr. A T M Harun-or Rashid, Executive Director of Dhaka Power Distribution Company among others were also present.

Managing Director of Social Islami Bank Limited, Quazi Osman Ali, inaugurating it's an Electricity Bill Collection Booth at Shaymoli Circle Bhaban in the city on Monday. Engr. Bikash Dewan, Managing Director and Engr. A T M Harun-or Rashid, Executive Director of Dhaka Power Distribution Company among others were also present.

.

Workshop on delta management in BD held

Business Desk :Netherlands Organisation for Scientific Research, Bangladesh Delta plan 2100 and Institute of Water Modeling jointly organized a workshop on Linking Urbanizing Deltas of the World research, innovation

Customers' flow at Walton Pavilion

Economic Reporter :A good number of buyers and visitors are thronging the Walton Pavilion at the ongoing month-long Dhaka International Trade Fair (DITF)-2018 at Sher-e-Bangla Nagar in the capital

Rezaul Karim new SCB chairman

Rezaul Karim new SCB chairman

Business Desk :Md Rezaul Karim Proprietor, S.N. Jute International, has been re-elected as Chairman of Shippers' Council of Bangladesh (SCB). He is Vice Chairman of Asian Shippers' Alliance (ASA)

BEPZA Int'l Investors Summit tomorrow

Economic Reporter :Bangladesh Export Processing Zones Authority (BEPZA) is set to arrange the 'BEPZA International Investors Summit 2018' at Bangabandhu International Conference Center (BICC) in the capital on January

DTG- 2018 exhibition from Feb 8

Business Desk :The 2018 Dhaka Int'l Textile and Garment Machinery Exhibition (DTG), the largest-ever trade fair of its kind in Bangladesh, will run February 08-11 at Bangabandhu International Conference

ERD informs cabinet over preparation

Economic Reporter :Three prime economic indicators suggested Bangladesh's preparedness for graduation as a "developing country", discarding its status of a "least developed" one or LDC by 2025, the ERD

BD-Indonesia to sign JMS this month

Economic Reporter :Bangladesh and Indonesia will sign Joint Ministerial Statement (JMS) this month for the Preferential Trade Agreement (PTA) towards removing trade barriers."Commerce ministers of both the countries will

Four mobile operators evade Tk 900cr VAT

Four mobile operators evade Tk 900cr VAT

Economic Reporter :Four private mobile operators of Bangladesh evade more than Tk 900 crore in name of SIM replacement.The Value Added Tax (VAT) branch of Large Tax Unit (LTU)

Dr. Engr.Rashid Ahmed Chowdhury, Chairman of Bangladesh Commerce Bank Limited, presiding over its Yearly Business Conference-2018 at a hotel in the city on Saturday. RQM Forkan, Managing Director and Directors of the bank among others were present.

Dr. Engr.Rashid Ahmed Chowdhury, Chairman of Bangladesh Commerce Bank Limited, presiding over its Yearly Business Conference-2018 at a hotel in the city on Saturday. RQM Forkan, Managing Director and Directors of the bank among others were present.

.